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RE: October BNL, 5 for 4 Proposal
Joe Bulterman wrote:
>
> On page 3 of the October BNL, about a quarter of the way down the
> page, you
> will find "The 5 for 4 Membership Proposal. This prop, if adopted, would
> sell 5 year memberships ($120.00 value) for the price of 4
> ($96.00) if the
> member pays up front. The idea was drafted by a member of the membership
> committee with the hopes that offering this deal would help
> retain members
> longer. The original draft included a financial model that
> suggested that
> if the $96.00 were invested at 6% over the five year life of the
> membership, the compounded interest plus the $96.00 (the total return)
> would be slightly greater than the current $24.00 per year if the $24.00
> were not invested at all. Please comment to the list on whether
> you think
> the proposal has merit and also if you think you would part with
> $96.00 for
> a 5 year membership.
>
I applaud the person came up with this idea for having the initiative and I
hope the BOT approves it. I am a life member of the AKA so I don't pay
membership on a year by year basis; however, in theory, I would certainly be
willing to pay the $96 up front for a 5-year membership. This, as well as
the online credit card-based subscription system that the AKA has
introduced, represents an enormous benefit for foreign members who may have
to pay by international money orders for which the banks charge substantial
commissions. I also have memberships in the BKA, the DKG and the KFN, and I
wish they had multi-year subscription deals (even if it did not involve a
discount), or an online credit card membership renewal system. For example,
in my case the commission on money orders adds about 20% to each membership
and, in the case of one foreign association I have to add a further 30% of
the subscription rate for bank processing at the other end.
__________________________________________
Brian R. Watters
University of Regina
Regina, Saskatchewan S4S 0A2, Canada
Ph: (306) 584-9161 (home); (306) 585-4663 (work)
Fax: (306) 585-5433
E-mail: bwatters at sk_sympatico.ca
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